I recently encountered and then forgot about this lovely essay describing the events of the last two weeks. It was beneficial if you’re like me and not financially literate. It assisted me in understanding the last weapon of the Davos set is fear. They are masters at producing fear which annihilates critical thought and moral behavior. I hope it helps.
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If you do not wish to read the entire essay, here is the key paragraph:
“In summary, I think what we have seen in the actions of the Fed has been to protect and grow regional banks to return America to the more traditional banking of the 50’s and 60’s. A place where a regional bank is no longer worried about international politics or having to manage currency carry trades in India. A place where a regional bank works to fund Tom’s local machine shop to buy a new piece of equipment, or helps Jim with an operational loan to get his farm seeded for this year’s harvest, and is a place where you can get a car or home loan, and have it serviced by your bank for the entire length of the loan. A place where you can invest your money, have it grow at slightly less than inflation, but never again be worried if you were going to wake up in the morning to your money being inaccessible. And if this pie in the sky view seems crazy, well then Jerome Powell, leading the Fed, just might be a patriot trying to return America to a place it used to be, not the place it’s become.”
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If i´m reading correctly, Mr. Powel made a movement that is for the BENEFIT of the USA, not just for the Banksters?
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Correct. Nothing makes me happier than knowing that it looks like the entire ‘destroy the middle class to take over the world’ plans of the Eurotrash Commies™ are unraveling.
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But brother, something must be wrong here.
Correct me if i´m wrong:
- The FED is a private bank, owned by private banks.
- Some of the private owners of the FED are Europeans, like the Rothschilds and the Warburgs.
- As such, the FED must answer to the demands of it´s owners.
- Any decision the FED makes must attend some interest of his owners in ther consensus.
- So, the last decision of Mr. Power is a direct move in the chessboard in order to destroy the USA, it just doesn´t look so.
Where am i wrong on my reasoning? I can´t detect it.
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I think that I am seeing new narratives that the Fed, CBDC, FedNow are all good things (?!) to save us from WEF-and-Co. Another psy-op maybe?
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The make that wich is evil to look like something good is the very essence of a great psyop, i didnt tought about this possibility, but now i will watch to see that, maybe, this is the case.
#2 is incorrect. Historically your logic would be quite correct, however, after 2021 the FED broke away.
Please see the article at the link provided for details.
"What is SOFR? The Secured Overnight Funding Rate. It is the U.S. domestic replacement for LIBOR. SOFR is market driven arrived at through actual transactions in the U.S. money markets with the daily quote arrived at by real data from real US banks.
LIBOR, on the other hand, is a rate set by 17 foreign banks and 1 U.S. bank (JP Morgan Chase’s London Division). It’s still not market driven but arrived at by consensus. Regardless of that it represents the activity within London’s and Europe’s banking system, not the U.S.’s.
And therein lies the rub.
For all intents and purposes for decades LIBOR was the mechanism by which City of London and Europe controlled the flow of dollars into and out of their banking system. No wonder the Fed had no real control."
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No, the Fed is not a proponent of CBDC and therein lies the rub. The Eurodollar conglomerates pushing for a CBDC were attempting to push the US Fed in the same direction, but after Powell began his assault on the eurodollar system, corrupting virtually everything in existence, the CBDC concept has failed miserably.
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Ok, can’t help but offer the contrarian viewpoint (hey, this is a thinking man’s forum) so here are the American Intelligence Media boys and their take on the situation.
(Note the symbol of the Red Dragon- Welsh- Prince of Wales- hint, hint)
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Sure, Jerry’s going to save the dollar… and make it CBDC.
That key paragraph sounds like pure propaganda to me. The Fed is doing what it’s doing in order to save the dollar as dominant currency, for a little while longer; that’s not at all the same as saving America. I’ve seen no evidence in my life that they care if Tom and his local machine shop live or die.
The Fed wants to protect regional banks? Hogwash! Then why do they want to implement a central bank digital currency that would make regional banks – in fact, all commercial banks – obsolete?
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Your life only exists within the period where full control of the Fed policy was handed to the Davos set by the City of London. It has yet to be determined with certainty what this decoupling will bring.
The Fed does not want to implement a digital currency, and without a significant change in Fed leadership, it is explicitly and overtly against doing so. The USD is effectively digitized at this point. Powell has done, to this point, everything he publically said he would. Thus, there is no reason to believe he will support a CBDC after overtly expressing his distaste for any such thing.
The Fed did act in the SVB collapse to bolster regional banking, preventing the managers of the offshore dollar markets from withdrawing liquidity and destabilizing the entire regional banking system. This is an incontrovertible fact. As to the Fed, they care about the main street – at this point, it is de facto. Of course, central banking has a long history of being exceptionally cruel, and of course, it may not last.
Still, as my literacy increases, I realize how critical the control of the Eurodollar markets and their managers have been concerning Fed policy since WW2. Without Davos and its allies dictating policy to the Fed, the goals and actions of the group of NY member banks will drift in an entirely distinct direction.
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@FiatLux
I agree. As if The Fed would tell us they would digitize public funds? Not gonna happen.
Control is control and the banks have been and continue to be problematic since 1913, therefore, doing away with them is the goal.
Not to worry; those bankers like Dimon, etc. have their fingers in the new CBDC pie.
Getting it started:
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No one in the “I hate the Fed” camp discusses the LIBOR v. SOFR reality, nor discusses any natural history, or current events, breaking down the cui bono. All I see in these videos are sweeping dismissals of all central banking as a monolithic entity. Its simply not true. Despite the outcome.
Therefore I cannot take their opinion on CBDC and whom it benefits seriously – it is not the Fed nor the American banking sector. I’m highly familiar with DuByne and have consulted with him on Patreon, and he is a nice man and an autodidact, but a historian he is not.
I’m fully aware we’ve all been programmed to hate central banking and the Fed and Wallstreet; believe me, they should be executed for war crimes. But there is another way to see the current events, and I choose historical literacy of the sweeping programming being distributed by Davos, the CoL and its agents.
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The Fed Now is a system of instantaneous bank-to-bank settlement. It is not remotely similar to CBDC’s.
Bank-to-bank is the starting place, NOT the finish line.
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The CBDC concept, aka stablecoins, distinct from monetized currency backing (metals, BTC, labor etc.), only dilutes the USD and the Fed’s power to whom they distribute the dollars. Since the Fed is defending the dollar against the offshore (Davos) dollar markets, we can only assume they intend the USD to stick around. I see no incentive for CBDC’s at the Fed at the moment.
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What you see or don’t see doesn’t matter a bit to The Fed.
You have your opinion and I have mine. Simple…
Thank you for this. @omnimatter I mean for each and one of your responses in this feed. Very enlightening.
If I understand correctly your thinking, the goal is to defend the dollar since it is being assaulted by China on one end, thru SVB (they knew that that bank had a huge derivatives position) and by Davos/BIS on the other end?
Fed must have figured out that with inception of CBDC they will lose their world dominance in the financial markets.
Looks like FED with creation of SOFR finally was able get independent from Rothchilds and C of L
To me this doesn’t mean that they are doing it to save every American from plague of central banking slavery they just easing up chains.
Let’s not forget that Fed is joined at the hip with that proverbial hidden system of finance and that entity needs US overt economy, so they can leech onto it and continue their black project tech endeavors that are a new currency of the world and give USA its continuance of supremacy in the world.
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